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2025-09-15 11:40:12
[GBP/USD strengthens, attention on the Fed dominates] GBP/USD rose 0.1%. The focus on the Fed distracted traders from the weak data from the UK. Rightmove data showed that UK house prices fell in September and rent increases slowed. UK manufacturing output fell 1.3% month-on-month in July and rose 0.2% year-on-year, both lower than expected (the survey forecasts were flat month-on-month and 1.6% year-on-year respectively). The FOMC meeting will be announced on Wednesday local time (Thursday at 2:00 Beijing time), and it is expected to cut interest rates by 25 basis points, but the market is cautious. The Bank of England will also announce its interest rate decision this week. The market expects the bank rate to remain unchanged at 4.00%. The pound needs to break through the high of 1.3594 on August 14 as the first step to restart the rise. The Asian session is 1.3552-615, with support at 1.31425 and resistance at 11.3594, 1.3787 and 1.4250.
